What is Circit?
Founded in 2017, Circit provides a sophisticated platform designed to streamline audit confirmations and client collaboration. By connecting auditors directly with banks and financial institutions, the company eliminates the inefficiencies of manual data verification. As a regulated Account Information Service Provider (AISP), Circit transforms unstructured client data into reliable, structured audit evidence. This capability is essential for firms navigating the increasingly complex regulatory landscape, positioning Circit as a foundational tool for digital transformation in the financial services industry.
How much funding has Circit raised?
Circit has raised a total of $28.8M across 2 funding rounds:
Series A
$6.8M
Private Equity
$22M
Series A (2022): $6.8M with participation from Aquiline Technology Growth and MiddleGame Ventures
Private Equity (2026): $22M led by Ten Coves Capital, Aquiline Capital Partners, and MiddleGame Ventures
Key Investors in Circit
Ten Coves Capital
Ten Coves Capital invests in companies that are innovating and transforming the financial ecosystem, focusing on businesses that are re-imagining and re-wiring financial services.
Aquiline Capital Partners
Aquiline Capital Partners is a private investment firm based in New York and London that invests in businesses across the financial services sector, including FinTech and business services.
MiddleGame Ventures
MiddleGame Ventures is a European FinTech specialist firm that partners with innovative entrepreneurs to transform financial services into a fully digital future.
What's next for Circit?
With this major strategic investment, Circit is well-positioned to scale its enterprise offerings and deepen its integration within the global financial services sector. The company's focus will likely shift toward enhancing its automated validation capabilities and expanding its footprint in key international markets. By leveraging the expertise of its high-profile backers, Circit aims to further refine its regulatory compliance framework and solidify its status as the industry standard for verified financial data exchange. The firm's ability to maintain regulatory rigor while scaling its technology will be a key determinant of its long-term success in the competitive FinTech landscape.
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